Money in Latvia

Latvia Money | Economic News & Forecasts

Latvia - Money

Economic growth soared to a 14-year high in annual terms in the second quarter: Strong rebounds in both private and capital spending, as well as quicker government consumption growth, were behind the result. That said, a low base effect assisted the overall figures, as Q2 2020 saw an equally steep contraction. Turning to Q3, available data points to a potential slowdown: Retail sales rose at a notably slower pace than Q2’s average in July, which, combined with deteriorating consumer confidence in July–August, suggests weaker household consumption. In other news, on 3 September Fitch Ratings affirmed the country’s “A-” credit rating with a stable outlook, citing economic resilience and the benefits of EU membership. Lastly, on 10 September the country received EUR 237 million as the first tranche of its allocated funds under the EU’s recovery spending, boding well for activity ahead.

Latvia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)13.9  7.4  5.9  14.7  -     

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Latvia Money Chart

Latvia Money
Note: Annual variation of M2 in %.
Source: Bank of Latvia and FocusEconomics calculations.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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